"Nass" gets a green light to put 30% of its shares on the Saudi Stock Exchange

The Saudi Capital Market Authority has agreed to register Flynas’s request and offer 30% of its shares on the “Tadawul” scholarship. The Saudi Capital Market Authority today, Friday, announced its approval of the “Flynas” request to register its shares, and offered 51.2 million shares, representing 30% of the total public subscription company, provided that the issuing bulletin is adequately published before the subscription date. The low -cost -cost -transport business, supported by the ‘Kingdom Holding’ of the billionaire Prince Alwaleed Bin Talal, seeks to host its shares this year. In a recent publication on the “X” platform, Prince Alwaleed said the value of the company is no less than $ 3 billion. Kingdom Holding Company CEO Talal Al -Mayman said in media statements on the side of the Davos Economic Forum that the inclusion will be by selling all investors in the company 30% of their shares. According to Bloomberg, the Flynas, Goldman Sachs, Morgan Stanley and the Saudi French capital have appointed the initial public presentation process. The airline, which started its operations in the name of “NAS Air” in 2007, is expected to benefit from the Kingdom’s efforts to improve its tourism sector within the $ 800 billion investment campaign launched by the Saudi Kroon Prince Mohammed Bin Salman, with the aim of diversifying the economy. Saudi Arabia wants to double the number of international visitors by 2030 by 2030. At the end of February, the company announced the completion of the Murabaha Finance Agreement with Bank Al -Jazira with a value of $ 495 million Riyals (132 million dollars) to finance the purchase of three modern air buses ‘A320Neo’ AirCraft before the expected offer of the company is offered in the Saudi stock market. The insertion boom in the Saudi money market is witness to a remarkable momentum with the inserts in 2025, as the approval of the “Flynas” proposal a week after the start of the shares of “Umm al -qura for Development and Reconstruction Company, the most important developer of one of the largest projects in Makkah Al -Mukarramah, Billion was, with 9.09% of his Sharens, which in the Sharens was a preliminary public subscription. In the world in 2024, regarding the outcome of the proposals that were more than $ 4.3 billion.